RATE Group | Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement
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Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement

25 Mar Bitcoin Price Inches Higher to $6.7K on $2 Trillion Stimulus Agreement

Posted at 07:20h in Bitcoin News by

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Bitcoin (BTC) price is continuing to move higher on March 25 alongside U.S. equities markets, which yesterday saw a historic 11%+ rise on news of a potential multi-trillion-dollar economic stimulus package. This was the single biggest daily rally since 1933. 

At press time, BTC price is attempting to establishing a higher foothold at $6,700 while Dow futures and are up over 114 points, according to Bloomberg Markets.

The strong relief rally on March 24 also showed that investors anticipate that the stimulus package will help to stem bleeding markets and restore confidence to investors. 

Crypto market daily performance

Crypto market daily performance. Source: Coin360

Earlier, the price surged to $6,832, nearly surpassing the previous new daily high at $6,905 before spending the remainder of the day trading in the $6,500 to $6,750 range. 

BTC USDT 4-hour chart

BTC USDT 4-hour chart. Source: TradingView

Currently, there is support at $6,500, a point aligned with the ascending trendline but if the price falls below the trendline there is…

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